Meanwhile, SVB’s parent company is filing for Chapter 11 bankruptcy to sell off its non-bank assets and raise cash.
#banking #money #news #abcnews…(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
The Broadway community has been rocked by recent news of bank failures, as several major financial institutions that have traditionally funded Broadway productions are now struggling to stay afloat.
Bank of America, Citigroup, and JPMorgan Chase have all been reported to have seen significant declines in their profits and financial stability, leaving many production companies scrambling to find alternative sources of funding.
This has led to a rise in the number of small, independent production companies seeking crowdfunding or private investment to cover the costs of their productions.
However, while this may seem like a viable solution, it is important to note that Broadway productions can require millions of dollars to produce, and without the backing of a major financial institution, many of these shows may not make it to the stage.
Additionally, the decline in funding from banks has also led to a decrease in the number of new productions being produced. This is especially concerning for the Broadway industry, which relies heavily on new and exciting shows to generate buzz and attract audiences.
Moreover, the closure of several Broadway theaters due to the COVID-19 pandemic has only exacerbated the financial struggles of the industry, making it even more difficult for production companies to secure funding.
Despite these challenges, the Broadway community has remained resilient and has continued to produce shows in new and innovative ways. Many productions have turned to streaming platforms to reach audiences, while others have opted for socially distanced outdoor performances.
As the Broadway industry continues to adapt to these challenges and find new ways to create and produce shows, it remains to be seen how the financial struggles of major banks will impact the future of the industry. For now, it is clear that Broadway production companies will need to be creative and resourceful in order to navigate these uncertain times.
Oh no
This is a first world problem I really can’t worry about. Less than one percent of the US population has seen a Broadway production, and the 99 percenters aren’t missing anything.
Diamond sports must Put Bally regional sports networks for sale to different ownerships like ESPN JV Disney and Hearst Kroenke sports entertainment altitude sports Katz broadcasting Scripps NBC Universal or Gray television. And consider name change.
I have no sympathy for these shows. General management for these shows makes $10,000+ a showing yet refuse to pay their workers a fair and living wage. They also push new shows for cash grabs that close in 4-8 weeks due to low viewership.
The SVB in London has been bought out by another bank.
ICC Issues Arrest Warrant for Putin for War Crimes in Ukraine
Bloomberg Quicktake
1,13 M d’abonnés
The International Criminal Court issued an arrest warrant for Russian President Vladimir Putin for war crimes related to the alleged abduction of children from Ukraine after his invasion of the neighboring country last year.
…
This is not the internationnal cort because they don't exist vs. a conflict as long as the conflict continue.
This move is totally agaist the internationnal law.
EU are totally illegal here.
Now let see what will happend to all frontiers and treaty?
TWK.
죽겠다
Banks need to be fiduciary representatives, not fat cat Dem donors and party hardy broadway productions…clearly an example of elitist brokers scamming